The Revenue Recognition Principle

The revenue recognition principle:

A) States that the recording of revenue should be based on reliable and verifiable evidence.
B) Only requires that sales revenue must be earned before it is recorded on the income statement.
C) Only requires that sales revenue must be realized or realizable before it is recorded on the income statement.
D) States that sales revenue should be recorded when services are performed or goods are sold.
E) None of the above